Layoffs Watch '08: MER, BAC, But Mostly MER

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Charlie Gasparino reports that the Bank of Amerrillwide will result in ten thousand layoffs between Bank of America and Merrill Lynch, mostly from the latter and heavily from the investment bank. According to CG, cuts are expected before the end of the year, and over at MER, "things are scary," likely because if this was the reaction to a deflated bonus, what can we expect of the all-star, or those who subscribe to his school of thought, if a canning is on the horizon? Stay tuned, and buy yourselves some umbrellas.

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